The markets are displaying unusual volatility. I do not think they are responding to the financial crisis.
Their volatility is a vote of no confidence in the leadership in Washington. There are serious events taking place in the US and the world. Yet, there is no serious plan being formulated by the Fed or the administration that would suggest they know what should be done. Just band-aid moves when problems become too risky.
Not enough to stabilize the markets.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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